CPRT
Copart, Inc.39.15
+0.48+1.24%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Reaffirms cycles, details buybacks.
Q&A largely reaffirmed prepared remarks on soft insurance units from cyclical carrier shifts and consumer coverage pullbacks, offering no inflection timeline but stressing historical rebounds. Management clarified competition centers on economic outcomes over price, with CDS units up 5% via user expansion. Land capacity is stronger than ever after decade-long investments, supporting disciplined future buys. Buybacks kicked off opportunistically on valuation and rates; Purple Wave grew despite tariff friction, favoring organics over M&A. Tone stayed long-term confident—watch insurance cycle turn.
Key Stats
Market Cap
37.90BP/E (TTM)
24.02Basic EPS (TTM)
1.63Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Copart's Q2 FY2026 total revenues dipped 3.6% y/y to $1.12B while holding steady YTD, as U.S. service revenues fell 5.6% y/y from prior hurricane boosts but International grew 7.7% y/y on higher revenue per car. Operating income slid to $389M (-8.7% y/y) at 35% margins, yet interest income jumped 23% y/y to $50M from Treasury Bills, lifting net income to $350M with diluted EPS steady at $0.36 on 975M shares. Cash swelled to $5.1B after $663M operating cash flow and $2.0B security maturities, minus $218M stock repurchases; $1.25B revolver stands fully available through 2031. Free cash flow not disclosed in the 10-Q. U.S. DOJ probes money-laundering compliance.
8-K
Q2 revenue down 3.6%
Copart reported Q2 fiscal 2026 results on February 19, with revenue down 3.6% to $1.1 billion, gross profit off 6.2% to $492.8 million, and net income attributable to Copart sliding 9.5% to $350.7 million; diluted EPS fell 10.0% to $0.36. Six-month revenue dipped 1.4% to $2.3 billion, yet net income edged up 0.7% to $754.4 million. Cash pile swelled to $5.1 billion.
8-K
Copart elects full board
Copart stockholders overwhelmingly elected all 12 director nominees at the December 5, 2025 annual meeting, with 91% of shares present and top vote-getter Jeffrey Liaw at 821M for. Say-on-pay for FY2025 executives passed handily, 770M for versus 64M against. Auditors Ernst & Young ratified unanimously. Board continuity locked in.
10-Q
Q1 FY2026 results
Copart posted solid Q1 FY2026 results through October 31, 2025, with total service revenues and vehicle sales up 0.6% y/y to $1,155.0M on higher international service revenue (up 7.9% y/y) and U.S. vehicle sales (up 10.9% y/y), despite softer U.S. service volumes post-hurricanes. Operating income climbed 6.0% y/y to $430.7M (38% margin, up from 36%), boosted by 4.0% lower facility operations costs; diluted EPS rose to $0.41 (up 10.8% y/y), confirmed against 977.1M shares. Operating cash flow hit $535.3M (up 11.0% y/y), funding $112.7M capex while cash swelled to $5.2B on no debt and $1.25B revolver availability. Free cash flow not disclosed in the 10-Q. International grew to 18% of revenue. Copart depends heavily on a few major vehicle sellers.
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